Richmond, VA vs Suffolk, VA

Richmond, VA and Suffolk, VA have a very similar cost of living, with only a 4.8% difference in their overall index. Richmond scores 101 while Suffolk scores 106 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Richmond is $1,314/month compared to $1,484/month in Suffolk — a 12% difference. Home values follow the same pattern: Richmond is more affordable at $328,100 median vs $329,600.

Median household income in Richmond is $62,671 compared to $90,089 in Suffolk (-30.4%). While Suffolk is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Richmond spend roughly 25.2% of their income on rent, more than the 19.8% in Suffolk.

Climate-wise, both cities share similar average temperatures (58.9°F vs 61.4°F). Suffolk receives more rainfall at 45.7" per year compared to 45.5" in Richmond.